Shares in Chinese humanoid robot maker Unitree soar in Shanghai trading debut

Unitree, a major humanoid robot maker, saw its shares soar up to 629% during its public stock trading debut in Shanghai on the STAR market, raising 6.1 billion yuan ($904 million). The company is noted as the first publicly traded humanoid robotics maker in mainland China and proceeds will fund advanced research and development. Advanced robotics remains a key sector amid technological rivalry between China and the U.S.